Moodeng price faces rejection at supply zone after short-lived ceasefire rally
Moodeng surges on geopolitical relief, stalls below key resistance
Moodeng price surged more than 22% on Monday, June 23, supported by a trading volume higher than any of the past nine days on the Kraken exchange.
The rally began during the late New York session shortly after U.S. President Donald Trump announced a total ceasefire agreement between Israel and Iran. The geopolitical breakthrough eased concerns over an extended Middle East conflict and sparked a wave of renewed interest across risk assets, including meme coins like Moodeng.
Highlights
- Moodeng price jumped 22% after U.S.-brokered ceasefire cooled Middle East tension
- Moodeng price hit new high before slipping back into consolidation near $0.1525
- Bearish death cross shows Monday’s rally lacks strong trend reversal signals
Technically, the Monday rally broke above the 100-day EMA at $0.1480 and pushed Moodeng to a high of $0.1550 before the price was capped by a well-identified supply zone on the 4-hour chart. This supply zone, ranging between $0.1546 and $0.1610, represents the upper bounds of the last bearish price swing and is now acting as a barrier against further upside.
Moodeng price dynamics (April - June 2025). Source: TradingView
Today is Tuesday, June 24, and Moodeng price movement has shifted into a consolidation. During the Asian session, price retraced but found support again on the 100-day EMA, highlighting its role as a key level. During the European session, the price made a fresh intraday high at $0.1575, surpassing Monday’s peak. However, the move lacked follow-through, and Moodeng has since retreated to $0.1525, posting a loss of over 1.5% so far today.
Moodeng 100-day EMA holds as support but bearish EMA crossover limits upside
Despite the geopolitical relief bounce, broader technical signals suggest limited strength in the current rally. Notably, the 20-day EMA has recently crossed below the 50-day EMA, forming a death cross. This technical pattern confirms the prevailing bearish structure in Moodeng’s medium-term trend and hints that Monday’s rally may be a short-lived relief move rather than a trend reversal.
Unless buyers can break above the upper limit of the supply zone near $0.1610, price action is likely to stay trapped in this consolidation range. A breakout above this supply would target a retest of the 20-day EMA at $0.1645. Conversely, a breakdown below the 100-day EMA would expose the psychological support at $0.1400 and reopen bearish continuation risk.
Overall, the lack of sustained buying pressure following the ceasefire and the bearish moving average structure suggest that Moodeng’s next major move still leans to the downside unless bulls reclaim higher levels convincingly.
Moodeng broke below key support after U.S. strikes on Iran triggered heavy crypto selloffs. A bearish EMA crossover confirmed the downtrend as price fell 16% in five days.
